Ilika (LON:IKA) Hits New 52-Week Low – Time to Sell?

Ilika plc (LON:IKA) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 26 and last traded at GBX 26, with a volume of 265412 shares changing hands. The stock had previously closed at GBX 27.50.

Ilika Stock Down 5.5%

The company has a current ratio of 9.07, a quick ratio of 15.43 and a debt-to-equity ratio of 3.18. The company has a 50-day simple moving average of GBX 31.31 and a 200 day simple moving average of GBX 38.03. The company has a market cap of £47.02 million, a P/E ratio of -5.73 and a beta of 2.09.

Ilika Company Profile

Ilika plc (LON: IKA) is a pioneer in solid state battery technology with their innovative Stereax micro batteries designed for Industrial IoT and MedTech markets, and their Goliath large format batteries for the electric vehicle and consumer electronics markets. Ilika works closely with its ecosystem of partners to provide them with customisable Stereax micro batteries that provide the specific power requirements their IoT or MedTech application requires. Stereax battery technology offers compelling advantages over conventional lithium ion batteries, including smaller footprint, high energy density, non-toxic materials, faster charging, increased cycle life, low leakage and reduced flammability.